Forex Trend Analysis Report
Prepared for you on Tuesday, April 23, 2019.
Japanese Yen/South African Rand (FOREX:JPYZAR)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for JPYZAR
The long term trend has been UP since Jan 2nd, 2019 at 0.133110
The intermediate term trend has been DOWN since Apr 1st, 2019 at 0.127860
The short term trend has been UP since Apr 16th, 2019 at 0.125975
Smart Scan Analysis for JPYZAR
Based on a pre-defined weighted trend formula for chart analysis, JPYZAR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).